Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 700,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
Nowadays, the Filipino people have more options in time of financial needs. There are entities that are ready to provide the cash needed even the amount seems too high. One of these loan-providing gems in the Philippines is the UnionBank.
The UnionBank has long been serving the Filipino people by providing different kinds of bank accounts, credit cards, and loans. It also has other financial products like investment offers. It is one of the most reputable banks in the country that has gained the trust of countless Pinoys.
The clients of UnionBank do not only include Filipinos residing in the Philippines but as well as abroad. Many have availed its loan offers to achieve their goals or respond to an unexpected emergency.
With regards to the loans provided by the bank, one of them is the UnionBank Personal Loan 2025. It is a multi-purpose cash loan offer packed with excellent features including a wide range of loanable amounts.
Also called the UnionBank Cash Loan, the Personal Loan offer of the bank has a short list of qualifications for application. To be eligible to apply for the loan, the applicant should meet the following eligibility requirements:
- a Filipino resident or a local resident foreigner with a valid Philippine billing address
- at least 21 to 65 years old
- a Tax Payer’s Identification Number (TIN)
- a principal credit cardholder
- with a minimum gross annual income of Php 250,000
The UnionBank Personal Loan amount allowed for borrowing may vary on a case to case basis, most especially with regards to the financial capacity of the borrower. Meanwhile, under the UnionBank Cash Loan, it is sure that the bank can lend qualified individuals P700,000 and even so much more.
How much will be your monthly due under the UnionBank Cash Loan if you will borrow Php 700,000? It is dependent on the loan term but here is a guide provided by the bank:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 21,332.91 | ACR 26.9% |
| 48 months | ₱ 23,957.93 | ACR 26.9% |
| 36 months | ₱ 28,540.11 | ACR 26.9% |
| 24 months | ₱ 38,030.68 | ACR 26.9% |
| 12 months | ₱ 67,178.03 | ACR 26.9% |
It is important to keep in mind that there are fees and charges that may be applied under the UnionBank Cash Loan offer like the other loans. Here’s a guide on the things you should know:
| Annual Contractual Rate | “Exact ACR will be indicated in the Disclosure Statement” |
| Disbursement Fee | P1,750 for each disbursement |
| Documentary Stamp Tax (DST) | P1.50 for every P200 of the amount, which is subject to applicable laws and regulations. |
| Effective Interest Rate | “Exact EIR will be indicated in the Disclosure Statement.” |
| Closure Handling Fee | 4% of the unbilled principal component of the loan that is prepaid. |
| Returned Check Fee | P1,500 will be charged for every check that is returned or that bounces due to insufficiency of funds, uncollected deposits, stop payment order, alterations or erasure, among others. |
| Monthly Late Charge | P500 or 6% of the Overdue Amount, whichever is higher. |
| Monthly Interest Charge | Interest computed using the monthly revolving interest of 2.42% |
| Attorney’s Fees & Other Judicial Expenses | “Cost of collection and/or attorney’s fees and the litigation and judicial expenses as applicable” |
In applying for the UnionBank loan offer, the list of documents that you need to submit depends if you are employed, self-employed, or a foreign national.